Man Zai Industrial Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 11, 2022 at 10:42 pm
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Man Zai Industrial Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was TWD 295.47 million compared to TWD 265.61 million a year ago. Net income was TWD 78.61 million compared to TWD 10.27 million a year ago. Basic earnings per share from continuing operations was TWD 1.4 compared to TWD 0.18 a year ago. Diluted earnings per share from continuing operations was TWD 1.39 compared to TWD 0.18 a year ago.
For the nine months, sales was TWD 778.65 million compared to TWD 723.46 million a year ago. Net income was TWD 163.72 million compared to TWD 32.89 million a year ago. Basic earnings per share from continuing operations was TWD 2.92 compared to TWD 0.59 a year ago. Diluted earnings per share from continuing operations was TWD 2.9 compared to TWD 0.59 a year ago.
MAN ZAI INDUSTRIAL CO., LTD. is a Taiwan-based company principally engaged in the research, development, manufacture and sales of automotive air-conditioning modules. The Company's main products include automotive air-conditioning modules, steam turbine cooling modules, electromechanical cooling modules, as well as heat exchangers of home appliances and air conditioning systems. The Company distributes its products in domestic market and to overseas markets, such as Europe, the Americas and the other areas of Asia.